Financial

For obvious reasons, the financial services industry is a prime target for cyber criminals. Most small and medium sized institutions assume that cyber criminals will focus their efforts on the large institutions. However, this is a fallacy because the large institutions are generally well protected, which leaves the small and medium sized institutions without large cybersecurity resources easy targets.
The financial sector is the prime target of many cyber-crime organizations. Verizon 2020 Data Breach Investigations Report (DBIR) reported that 86% of all attacks were financially motivated.
Large financial institutions typically spend millions to secure their environments against cyber-attacks. Unfortunately, the average small to medium sized financial service institution does not have the luxury of spending millions on cybersecurity. However, if they utilize their available resources in the appropriate manner, they can protect themselves as well if not better than the larger institutions.
The key is to identify the overall cyber-risk profile of the institution. Armed with this information, the institution can apply their resources to maximum effect. This is why Canary Cyber Solutions prides itself by providing the required knowledge and resources to assist these institutions. We allow the institutions to focus on providing services to their clients, while we ensure they maintain regulatory compliance and reduce their overall cyber-risk.